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JPMorgan Chase is adopting a bearish stance on several high-profile tech and restaurant stocks as the S&P 500 reaches record highs. Analysts warn of overvaluation and potential shorting opportunities in key sectors. Tesla, Rivian, and Circle are among the firms flagged for corrections.
- JPMorgan analysts warn Tesla's valuation is unsustainable due to reduced EV subsidies and robo-taxi risks.
- Circle's stablecoin dominance faces rising competition, with its current valuation deemed excessive.
- Snapchat and Bumble struggle with ad volatility and a challenging dating app market, respectively.
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